THE PROVISION OF INFORMATION IN A BERTRAND OLIGOPOLY
UNSPECIFIED. (1993) THE PROVISION OF INFORMATION IN A BERTRAND OLIGOPOLY. JOURNAL OF INDUSTRIAL ECONOMICS, 41 (1). pp. 61-76. ISSN 0022-1821Full text not available from this repository.
A 2-stage model of a homogeneous good oligopoly is constructed which is composed of a first stage determining (costless) information provision to consumers and then a second stage of price setting. A perfect equilibrium is found which is characterised by less than full information and by positive expected profits. An alternative interpretation of the model is of firms deciding the proportion of contracts to tender for and then the prices at which the tenders will be made.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HG Finance
H Social Sciences > HC Economic History and Conditions
|Journal or Publication Title:||JOURNAL OF INDUSTRIAL ECONOMICS|
|Publisher:||BLACKWELL PUBL LTD|
|Official Date:||March 1993|
|Number of Pages:||16|
|Page Range:||pp. 61-76|
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